Weighted average nominal income coefficient on pension assets of APF of Kazakhstan (K2) as of September 1, 2008: 12m- 6.58 %; 36m - 30.71 %; 60m - 45.90 %

/IRBIS, Vitaliy Tomskiy, September 15, 2008/ - The Agency of the Republic of Kazakhstan for Regulation and Supervision of Financial Market and Financial Organizations (AFS, or Agency) has calculated the nominal income coefficient (K2) on pension assets (PA) of accumulative pension funds (APF) of Kazakhstan as of September 1, 2008 for three periods of funds' activities - for the last 12, 36 and 60 months (12m, 36m and 60m respectively). Below is the table with the coefficient indicators provided by AFS to Information agency of financial markets IRBIS (Almaty), and also results of their comparison with comparable data as of August 1, 2008. ------------------------------------------------------------------------- К2 for the period, %: ----------------------------------------------- 12m 36m 60m Name --------------- --------------- --------------- PAIMC or APF indicator trend indicator trend indicator trend ------------------------- --------- ----- --------- ----- --------- ----- PAIMO GRANTUM Asset Management JSC ------------------------------------------------------------------------- Grantum APF JSC 5.75 +0.29 20.80 -1.40 34.91 -1.35 ------------------------- --------- ----- --------- ----- --------- ----- PAIMO ZHETYSU JSC ------------------------------------------------------------------------- APF UlarUmit JSC 3.76 -5.14 23.88 -4.33 40.38 -4.23 APF Korgau JSC 9.31 +0.97 28.09 +0.96 42.80 +0.55 ------------------------------------------------------------------------- PAIMO Nur-Trust JSC ------------------------------------------------------------------------- APF Atameken JSC 8.42 -0.37 31.85 -0.70 54.52 -0.31 ------------------------- --------- ----- --------- ----- --------- ----- PAIMO Premier Asset Management JSC ------------------------------------------------------------------------- APF REPUBLIC JSC 13.43 -0.01 Х Х Х Х ------------------------- --------- ----- --------- ----- --------- ----- APF, which independently carries out investment management of assets ------------------------------------------------------------------------- APF of Halyk Bank 6.85 -2.03 36.19 -4.83 52.37 -4.39 of Kazakhstan JSC APF BTA Kazakhstan JSC 12.21 -0.09 74.60 -1.73 101.24 -0.84 APF SAPF JSC 3.78 -1.63 18.91 -2.03 30.12 -1.67 APF Capital JSC 8.52 -0.33 37.39 -0.20 57.25 -0.41 APF Kazakhmys JSC 10.90 -0.39 31.37 -2.18 53.51 -1.55 APF AMANAT-KAZAKHSTAN JSC 3.94 -0.52 30.47 -0.21 48.04 -0.06 ------------------------- --------- ----- --------- ----- --------- ----- APF OilGas-Dem JSC 11.69 -0.66 26.43 -0.80 43.99 -0.78 ------------------------- --------- ----- --------- ----- --------- ----- APF Otan JSC 10.32 -1.18 37.65 -0.85 57.15 -1.75 ------------------------- --------- ----- --------- ----- --------- ----- OAPF SENIM JSC 7.12 -0.19 21.44 -0.69 38.40 -0.63 ------------------------- --------- ----- --------- ----- --------- ----- Average weighted, 6.58 -1.83 30.71 -2.69 45.90 -2.36 by all system ------------------------- --------- ----- --------- ----- --------- ----- Corrected coefficient 41.65 -2.51 ------------------------- --------- ----- --------- ----- --------- ----- For comparison: Accumulated inflation 20.10 +0.10 42.82 +0.90 65.35 +0.89 rate, % ------------------------------------------------------------------------- * previous name - OAPF named after Kunaev D.A.JSC Nominal income coefficient (К2), according to the AFS's methods, reflects the profitability of APF assets for the mentioned period calculated by accruing totals. According to resolution No. 223 of Board of AFS dated February 23, 07 No. 223 the corrected average weighted coefficient of yield of pension assets is calculated similarly to simple average weighted coefficient K2, but at that, the data on the funds, yield of which exceeds 130 % from the value of average nominal yield coefficient for the corresponding period are included in calculations, calculated on the current cost of the "net" pension assets, which were in investment management for 60 and more months. AFS claims that the corrected average weighted coefficient is calculated only on the five year basis and this it that should be considered by the funds and PAIMO when determining execution of the prudential norm "yield of pension assets". It also should be noted that according to the same resolution of the Board of AFS the deviation of coefficient K2 on each separate fund, which pension assets are in investment management of particular PAIMO, should not be less than 30 % of the value of corrected coefficient of average nominal income for the corresponding period. [2008-09-15]